Quote:
Originally Posted by Fiji
I’ll tell you why the wind will fall out of the prices.
When prices were reasonable, car sales had 230000+ ads on it. Through COVID ads have fallen under 100,000 ads.. supply is relatively short.. this is a temporary event
Once we get vaccinated, Australia opens up, people start using public transport again without the fear of the virus. all those used cars are not needed, flood the market
Then new car supply catches back up, it is a well known issue supply was slowed through COVID, dealers are selling a years worth of allocated stock before June.. pushes prices up in used cars.. when new car supplies catch up (and they will) again people will dump their used cars..
Car sales ads will go back up to normal and maybe even higher to 300,000ads.. watch the prices tumble. Hold out another year to 18 months.. let’s see if I’m correct..
All the people buying used FPV with high km for $65k etc are ridiculous suckers, watch the **** fall out of the market. People say but they are rare /discontinued, something new will blow them away at lower prices ..
Always compare what else you can get for the money, even in today’s times.. AMG C63 or a fpv f6,, haha.. you guys are better than this.
The current prices are like a tsunami, know that the water will always recede back to its natural place / level
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Agree.
Even if people are set on an fpv or hsv, usually the wallet does the talking, hence so many great walls, Mahindra's etc on the road. Can't honestly say they didn't want a Hilux or ranger instead.
As for the prices receding, I don't know how or what will trigger that, as USA also has massive price inflation now, it's not just here.